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Va. Beach defense contractor to create 100 jobs
Virginia Beach-based defense contractor Valkyrie Enterprises Inc. announced Friday it has received a $125,000 grant from the Virginia Beach Development Authority (VBDA) to aid in its planned expansion by 100 full-time jobs during the next three years. “Valkyrie Enterprises epitomizes the real value of these grants,” Economic Development Director Taylor Adams said in a statement. […]
Greater Washington Partnership names CEO
The Greater Washington Partnership (GWP) announced Wednesday that JB Holston will become the organization’s CEO in September. Founded in 2017, GWP is an alliance of 27 CEOs and business leaders in the region that focuses on economic development for the greater Washington region, including parts of Northern Virginia, Richmond and Baltimore. Holston succeeds the organization’s […]
Fairfax County board ponders $30M COVID-19 relief program
The Fairfax County Board of Supervisors on Tuesday will consider launching a small business and nonprofit relief grant program that could disperse up to $30 million to local businesses impacted by the COVID-19 pandemic. The proposed guidelines would allocate $10,000 to businesses with one to 10 employees, $15,000 to businesses with 11 to 25 employees […]
D.C./Va./Md. COVID-19 task force forms for economic strategy
Connected DMV, a regional nonprofit collaboration in Northern Virginia, Washington D.C. and Maryland, announced Thursday it has formed a 45-person COVID-19 Strategic Renewal Task Force to make formal recommendations for addressing short-term and long-term COVID-19-related economic recovery. Founded in 2019, Connected DMV focuses on economic development in Virginia, Washington, D.C., and Maryland. [...]
Floyd County EDA receives $2.3M federal grant for growth center
The Floyd County Economic Development Authority announced this week it has received a $2.3 million grant from the U.S. Economic Development Administration to construct the first building for the Floyd Growth Center, a shared space in the Floyd Regional Commerce Center for small industrial companies. Different from a small business incubator, the center will allow […]
Norfolk buys former Military Circle hotel for $2.4M
Less than a week after Norfolk announced its purchase of the Military Circle Shopping Mall for $11 million, the Norfolk Economic Development Authority (EDA) said Thursday it has also approved a plan for the city to purchase the former DoubleTree Hotel at Military Circle for $2.4 million. The hotel property was listed for sale for […]
Developers propose $350M tower to replace Richmond Public Safety Building
The development team that created plans for the failed $1.5 billion Navy Hill proposal in downtown Richmond has returned to the scene, this time with a lower-stakes proposal that would not require funding by the city, a sticking point in the earlier plan. Capital City Partners LLC, the partnership between Michael Hallmark of Los Angeles-based […]
Greater Richmond Partnership hires VP of business development
Regional economic development organization The Greater Richmond Partnership Inc. (GRP) announced Tuesday it has hired Audrey Polk as its vice president of business development. Polk most recently worked as the existing business representative at the Henrico Economic Development Authority. Before that, she was a research analyst for the Virginia Economic Development Partnership. She earned her [&[...]
GO Virginia approves $2.87M in grants for 13 regional projects
The state’s Go Virginia Board has allocated $2.87 million in grants for 13 regional projects supporting economic development. A state economic development initiative led by business leaders and state officials, GO Virginia ( Growth and Opportunity for Virginia) has funded 87 projects, totaling $30.3 million, since it was established by the General Assembly in 2016. […]
Charlottesville Chamber launches local economic recovery initiative
The Charlottesville Regional Chamber of Commerce on Tuesday announced the launch of Project Rebound, a local economic recovery initiative to address the COVID-19 economic crisis. The project, hosted by The Chamber and economic offices at the University of Virginia, Albemarle County and the city of Charlottesville, aims to bring together local businesses to discuss challenges […]
1901 Group expanding into Washington County
Reston-based information technology services company 1901 Group will invest $1.15 million in Washington County to establish its third Virginia operations center, creating 150 jobs, Gov. Ralph Northam announced Monday. The new center will be located at the Virginia Highlands Small Business Incubator in Abingdon, where small businesses can pay $1.05 per square foot to be […]
Stanley Martin buys Richmond parking lot for $3.9M to develop town homes
Reston-based Stanley Martin Cos. LLC has purchased a 1.16-acre parking lot at 1027 N. Lombardy St. in Richmond from Sylvia Place Properties LLC for $3.9 million, Virginia Beach-based Divaris Real Estate Inc. announced Wednesday. Read Goode and Cheryle Toy represented Stanley Martin in the transaction. Stanley Martin also has 2.25 acres of adjacent property under […]
